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Bitwise CIO: The amount of BTC purchased since the launch of the Bitcoin ETF is more than twice the amount mined by miners
2024-07-17 11:55
Odaily News Matt Hougan, chief investment officer of Bitwise, said that since the launch of the spot Bitcoin ETF, the number of Bitcoins purchased by related funds has reached about 263,965, while the number of Bitcoins mined by Bitcoin miners during the same period was 129,281, which means that the number of BTC purchased by the Bitcoin ETF since its launch is more than twice the amount mined by miners. In addition, Bitcoin has risen by about 40% since the launch of the ETF on January 11, and has risen by more than 100% since October 2023. It is expected that the impact on Ethereum ETF on ETH will be greater. (Theblock)